Strategic spin-offs of input divisions
Strategic spin-offs of input divisions
复制标题
输入部门的战略分拆
DOI：
10.1016/j.euroecorev.2004.12.001
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发表时间：
2006
影响因子：
2.8
通讯作者：
P. Lin
中科院分区：
文献类型：
--
作者：
P. Lin
当下游生产商向后进入投入市场时，存在“帮助竞争对手效应”：这种进入损害了该公司的下游业务，因为它增加了上游竞争，从而使其下游竞争对手受益。这种负外部性阻止了新创建的上游单元的扩张。分拆使公司能够在投入市场上可靠地扩张，从而迫使其上游竞争对手的行为不那么咄咄逼人。当且仅当下游企业数量超过阈值水平时，分拆才会在均衡状态下发生。当有一个以上的综合公司时，一家公司的分拆可能引发其他公司的分拆，否则不会发生这种情况。
When a downstream producer enters backward into the input market, a “helping the rivals effect” exists: Such entry hurts the firm's downstream business as it increases upstream competition and thus benefits its rival downstream firms. This negative externality prevents the newly-created upstream unit from expanding. A spin-off enables the firm to credibly expand in the input market, thereby forcing its upstream competitors to behave less aggressively. Spin-offs occur in equilibrium if and only if the number of downstream firms exceeds a threshold level. When there is more than one integrated firm, a spin-off by a firm can trigger spin-offs by others that would not occur otherwise.